Market softening not scaring majority of investors

Discussion in 'Property Market Economics' started by Sackie, 25th Sep, 2018.

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  1. Sackie

    Sackie Well-Known Member

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    Sackie, 25th Sep, 2018
    #1
  2. jazzsidana

    jazzsidana Well-Known Member

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    jazzsidana, 25th Sep, 2018
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  3. Guest

    Guest Guest

    Probably a sign the downturn has further to go. Is there any measure of this survey over past cycle lows?
     
    Guest, 25th Sep, 2018
    #3
  4. Rozz

    Rozz Well-Known Member

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    Poor old Brissy. It sounds like everyone's got a finger in its pie and it refuses to budge, if anything it appears it may be starting to go backwards too
     
    Rozz, 25th Sep, 2018
    #4
  5. Sackie

    Sackie Well-Known Member

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    Not sure but would be interesting to see.
     
    Last edited by a moderator: 10th Oct, 2021
    Sackie, 25th Sep, 2018
    #5
  6. Sackie

    Sackie Well-Known Member

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    Depends which markets. Brissy has thousands.
     
    Sackie, 25th Sep, 2018
    #6
  7. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    So as per survey,
    77% felt 2018 is a good time to buy,
    71% felt 2017 was good time to buy
    I wonder what was this percentage during 2016 peak in Sydney/melb?

    The survey also say 90% of investors are not concerned about price falls in Sydney/Melbourne.

    The buying power of investors have easily reduced by 30% with still plenty of headwinds just round the corner for next few years,
    Desire to buy doesn't mean able to buy.

    "Everyone has a plan till they get punched in the face"
    -Mike Tyson
     
    Last edited: 25th Sep, 2018
    TheSackedWiggle, 25th Sep, 2018
    #7
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  8. Codie

    Codie Well-Known Member

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    Sorry, what?
     
    Codie, 25th Sep, 2018
    #8
  9. Angel

    Angel Well-Known Member

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    How did you come to that conclusion?
     
    Angel, 25th Sep, 2018
    #9
  10. Codie

    Codie Well-Known Member

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    Angel, watching 60 minutes.
     
    Codie, 25th Sep, 2018
    #10
  11. Sackie

    Sackie Well-Known Member

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    TOP GROWTH SUBURBS IN BRISBANE

    Suburb - Median house price - % change in 12 months

    1. Lamb Island - $220,000 - 37.5%

    2. Kangaroo Point - $983,500 - 26.1%

    3. Dunwich - $442,500 - 24.4%

    4. Sandgate - $758,750 - 22.4%

    5. Hamilton - $1,300,000 - 20.9%

    6. Chandler - $1,605,000 - 19.8%

    7. Paddington - $1,150,000 - 17.3%

    8. Coochiemudlo Island - $322,500 - 17.3%

    9. Corinda - $840,000 - 16.6%

    10. Nundah - $755,000 - 16.2%

    11. Alderley - $840,000 - 15.9%

    12. Sunnybank - $850,000 - 15.6%

    13. Point Lookout - $970,000 - 15.5%

    14. Gaythorne - $720,000 - 15.2%

    15. Shorncliffe - $868,500 - 15%

    16. Norman Park - $967,500 - 14.9%

    17. Brookfield - $1,125,000 - 14.2%

    18. Gordon Park - $880,000 - 12.8%

    19. Graceville - $950,000 - 12.3%

    20. Chelmer - $1,150,000 - 12.2%

    21. Ascot - $1,602,500 - 12.1%

    22. Greenslopes - $820,000 - 11.6%

    23. Ashgrove - $1,000,000 - 11.1%

    24. Yeerongpilly - $810,000 - 11%

    25. Thorneside - $535,750 - 10.7%

    26. Carina Heights - $725,000 - 10.7%

    27. New Farm - $1,545,500 - 10.4%

    28. Hemmant - $535,000 - 10.3%

    29. Fortitude Valley - $970,000 - 10.2%

    30. Cleveland - $625,000 - 10.1%

    (Source: realestate.com.au, CoreLogic, based on data to August 31, 2018
     
    Sackie, 25th Sep, 2018
    #11
  12. jazzsidana

    jazzsidana Well-Known Member

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    I honestly think out of all the states, Brissy has the best chance!!..

    Just need to buy right kind of property in right suburbs..

    Go BrisVegas!!!
     
    jazzsidana, 25th Sep, 2018
    #12
  13. Dean Collins

    Dean Collins Well-Known Member

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    Dean Collins, 26th Sep, 2018
    #13
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  14. Sackie

    Sackie Well-Known Member

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    Always a silver lining somewhere :D
     
    Sackie, 26th Sep, 2018
    #14
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  15. sash

    sash Well-Known Member

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    It takes time for the pressue to filter through in Sydney and Melbourne.

    Too many investors have not had to deal with falling markets ....inreasing costs via rates and falling rents. Some will get caught out.

    Lots of people are still talking about markets when they should have been implementing risk mtigation stategies. Sydney is the the most vilatile of them all. At some point it will get brutal there.
     
    sash, 26th Sep, 2018
    #15